Massachusetts Financial Services Co. MA Boosts Stock Holdings in Terreno Realty Co. (NYSE:TRNO)

Massachusetts Financial Services Co. MA boosted its stake in Terreno Realty Co. (NYSE:TRNO - Free Report) by 59.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,054,516 shares of the real estate investment trust's stock after buying an additional 394,436 shares during the period. Massachusetts Financial Services Co. MA owned 1.06% of Terreno Realty worth $70,473,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. DekaBank Deutsche Girozentrale grew its position in Terreno Realty by 107.6% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 49,548 shares of the real estate investment trust's stock worth $3,185,000 after purchasing an additional 25,683 shares during the period. Public Employees Retirement System of Ohio increased its position in Terreno Realty by 10.8% during the first quarter. Public Employees Retirement System of Ohio now owns 133,856 shares of the real estate investment trust's stock valued at $8,888,000 after acquiring an additional 13,064 shares during the last quarter. Harbor Capital Advisors Inc. increased its position in Terreno Realty by 292.5% during the second quarter. Harbor Capital Advisors Inc. now owns 11,712 shares of the real estate investment trust's stock valued at $693,000 after acquiring an additional 8,728 shares during the last quarter. Manning & Napier Advisors LLC purchased a new stake in Terreno Realty during the second quarter valued at $7,815,000. Finally, Tidal Investments LLC increased its position in Terreno Realty by 30.7% during the first quarter. Tidal Investments LLC now owns 34,116 shares of the real estate investment trust's stock valued at $2,265,000 after acquiring an additional 8,013 shares during the last quarter.

Terreno Realty Stock Performance

TRNO traded up $0.88 on Monday, reaching $61.28. 259,338 shares of the stock were exchanged, compared to its average volume of 704,890. The company's 50-day moving average price is $63.73 and its 200 day moving average price is $63.23. Terreno Realty Co. has a fifty-two week low of $53.78 and a fifty-two week high of $71.63. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.71 and a quick ratio of 2.71. The firm has a market capitalization of $6.11 billion, a PE ratio of 33.19, a PEG ratio of 2.78 and a beta of 0.90.

Terreno Realty (NYSE:TRNO - Get Free Report) last issued its quarterly earnings results on Wednesday, November 6th. The real estate investment trust reported $0.37 EPS for the quarter, missing analysts' consensus estimates of $0.61 by ($0.24). Terreno Realty had a return on equity of 4.94% and a net margin of 45.37%. The firm had revenue of $99.64 million for the quarter, compared to analyst estimates of $96.31 million. As a group, sell-side analysts forecast that Terreno Realty Co. will post 2.41 EPS for the current fiscal year.

Terreno Realty Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 7th. Stockholders of record on Friday, December 13th will be issued a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 3.20%. The ex-dividend date is Friday, December 13th. Terreno Realty's dividend payout ratio is currently 107.69%.

Analysts Set New Price Targets

TRNO has been the subject of a number of analyst reports. The Goldman Sachs Group upped their price target on Terreno Realty from $60.00 to $68.00 and gave the stock a "neutral" rating in a research report on Monday, August 12th. Scotiabank dropped their price objective on Terreno Realty from $70.00 to $67.00 and set a "sector perform" rating for the company in a research note on Friday, October 25th. Wedbush reaffirmed a "neutral" rating and issued a $70.00 price objective (up previously from $57.00) on shares of Terreno Realty in a research note on Friday, August 16th. Mizuho reissued an "underperform" rating and set a $62.00 price target on shares of Terreno Realty in a research note on Thursday, September 5th. Finally, Barclays dropped their price target on Terreno Realty from $69.00 to $68.00 and set an "overweight" rating for the company in a research note on Monday, October 28th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $69.22.

About Terreno Realty

Terreno Realty Corporation (Terreno, and together with its subsidiaries, the Company) acquires, owns and operates industrial real estate in six major coastal U.S. markets: Los Angeles, Northern New Jersey/New York City, San Francisco Bay Area, Seattle, Miami, and Washington, DC All square feet, acres, occupancy and number of properties disclosed in these notes to the consolidated financial statements are unaudited.